Passive Income Update – Jun 2014

Welcome to my June 2014 monthly passive income update. This is part of the series where I, as a dividend growth investor, track my monthly dividends and other passive income sources. Passive income for the month of June 2014 was $384.62

 

Starting April, I have decided to differentiate between the currencies when reporting my passive income. For this month, my passive income is US $159.99 and CA $211.83 and the exchange rate is $1 USD = $1.08 CAD.My passive income YTD is $2,273.65 and achieves 56.84% of my 2014 goal of $4,000. This month’s passive income is 74.15% higher than a year ago (June 2013 passive income was $220.86).

Passive income contributing entities:

Stocks:

  • Archer Daniels Midland (ADM)
  • Chevron (CVX)
  • CHS Inc (CHSCP)
  • Cineplex Inc (CGX.TO)
  • Inter Pipeline Ltd (IPL.TO)
  • Johnson & Johnson (JNJ)
  • Qualcomm Inc (QCOM)
  • Realty Income Corp (O)
  • RioCan REIT (REI.UN.TO)
  • The Southern Company (SO)
  • Thomson Reuters Corp (TRI)
  • Wells Fargo & Co (WFC)
Funds:
  • BMO Equal Weight Utilities Index ETF (ZUT.TO)
  • CI Global Health Sciences Fund (mutual fund)
  • CI Signature High Income Fund (mutual fund)
  • Claymore S&P US Dividend Growers ETF (CUD.TO)
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
  • Scotia Diversified Monthly Income Fund (mutual fund)
  • Vanguard Total International Stock ETF (VXUS)

Other:

  • Advertising revenue from this blog
  • Interest on cash
  • MBNA Smartcash cashback credit card
  • Seeking Alpha
My “other” sources of passive income have been growing this year as part of my plan to grow that revenue stream in 2014. The breakdown of my passive income contributing entities is shown below: my dividends totaled $269.50 and my other passive income totaled $115.12 in June.

 

Portfolio Update

Dividend Increases
June saw dividend increase announcements from the following in my current holdings.

Over the course of the month, I have added to some of my positions. The following are the details of my portfolio changes.

 

Added positions
I initiated/added to my positions in:

  • Claymore S&P US Dividend Growers ETF (CUD.TO)
  • General Electric Company
  • iShares Canadian Financial Monthly Income Fund (FIE.A.TO)
  • Scotia Canadian Balanced Fund (mutual fund)
  • The Bank of Nova Scotia (BNS.TO)
Closed positions
I closed my positions in:
  • The Southern Company (SO)
  • Vanguard Total International Stock ETF (VXUS)

My full list of holdings can be found here.

12 thoughts on “Passive Income Update – Jun 2014

  1. R2R,

    Great looking month there. Some really solid companies paying you great dividends. That’s a great spot to be in! 🙂

    I’m surprised, however, that you include advertising revenue and SA income as passive. I don’t do so only because it’s not passive. Writing takes a ton of time, at least for me. Maybe I’m just slow! 🙂

    Best wishes.

  2. R2R,

    Solid month. I noticed you have mutual funds and ETFs as well as individual companies. I hope to start selling off some of my funds once I feel more comfortable with my diversification. I do plan on keeping and possibly adding to DVY as I think it is a pretty good ETF. Keep up the good work!

    MDP

    • Hi MDP,
      Even after moving a large chunk of my assets to individual stocks, I still continue to hold ETFs. I think some of the broad market exposure is necessary, so I continue to own some ETFs. I did however sell all my mutual funds and got rid of the expensive products.

      Thanks for stopping by and the comment
      regards

  3. Your passive income is growing rather nicely R2R. You had some nice dividends, a couple of dividend raises, and a few added positions. Solid month indeed!

    Keep it up…wishing you continued success in your journey! AFFJ

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